Michelle Bowman, the Vice Chair for Supervision at the Federal Reserve, recently attended a private dinner hosted by Bank of America. This event took place on a Wednesday, according to three individuals familiar with it.
The dinner was arranged for Bank of America’s clients, occurring shortly after a Federal Reserve policy meeting. This timing raised concerns as it coincided with the Fed’s designated ‘quiet period.’
During this quiet period, Federal Reserve officials are generally restricted from engaging with the public, aiming to maintain impartiality and avoid influencing markets.
Michelle Bowman holds a significant role as the Federal Reserve’s principal banking regulator. Her appearance at this private dinner drew scrutiny over the adherence to the central bank’s protocols and rules.
Leave a Reply